Cardano Price Predicted To Crash 14% – How Can Whales Save ADA?

Cardano’s price has been under pressure over the past few days, with $ADA sliding lower as bearish momentum builds.

The decline points toward a potentially larger drawdown, particularly as long-term holders (LTHs) moved to sell into the weakness. However, whales are stepping in to counterbalance this selling activity.

Cardano Whales Attempt To Save $ADA

Cardano’s long-term holders have recently shown signs of doubt, moving to sell their $ADA during the broader market downturn. On-chain data reveals their selling activity reached a two-month high, signaling a shift in sentiment among this typically steady cohort.

The selling by LTHs is concerning because this group is known for exerting a strong influence over price trends. When their confidence wanes, it often leads to extended declines. Their actions highlight growing skepticism, which could weigh heavily on $ADA’s near-term performance.

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Cardano Age Consumed. Source: Santiment

On the other hand, whales are working to offset this pressure. In just three days, as $ADA’s price weakened, addresses holding between 100 million and 1 billion $ADA accumulated more than 460 million tokens. This inflow was worth over $375 million at the time of writing.

Such accumulation highlights whale conviction in Cardano’s longer-term potential. By absorbing the supply sold by LTHs, these large investors are attempting to stabilize $ADA’s price. Their activity may prove critical in halting further downside momentum and keeping $ADA from breaking below key supports.

Cardano Whale Holdings. Source: Santiment

$ADA Price Could Witness a Correction

Cardano’s price structure currently shows the formation of a double top, a bearish chart pattern. The neckline sits at $0.80, and $ADA is hovering just above it at $0.81, leaving little margin before a potential breakdown.

If $ADA slips below $0.80, the double top could confirm, sending the altcoin lower. This would set a price target of $0.69, reflecting a nearly 14% decline from current levels and marking significant bearish continuation.

Cardano Price Analysis. Source: TradingView

However, if whale accumulation proves effective, $ADA could bounce off $0.80 and reclaim $0.83. A decisive move beyond this level would open the path toward $0.90, invalidating the bearish thesis and restoring short-term optimism among traders.

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